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RBS looks to Chicago to fill post

The Royal Bank of Scotland said it hired the city of Chicago's chief financial officer, Dana Levenson, to head its North American Infrastructure Finance and Advisory Business.

The move underscores the growing importance in the banking arena of so-called private-to-public partnerships, in which municipally owned facilities, such as toll roads, are leased to investors to produce revenue.

In his chief financial officer post in Chicago, Levenson led the $1.8bn (â‚¬1.3bn) lease of the Chicago Skyway and the $536m lease of the Chicago Downtown Parking System to private investors.